National Repository of Grey Literature 1 records found  Search took 0.00 seconds. 
German trade surplus within the context of the eurozone crisis
Morong, Martin ; Titze, Miroslav (advisor) ; Řežábek, Pavel (referee)
The thesis examines specific factors that influence the German trade surplus and how this surplus affected other European economies. The conclusions drawn from this thesis are that these funds are what primarily financed the current PIIGS account and amplify imbalances in the euro area which reflected in the balance of payments crisis. After Europe was swept by crisis, these capital flows suddenly ceased, causing insolvency of peripheral economies. The solution for the latter situation was an inflow of public capital, especially through the payment system TARGET2. The affected economies are currently undergoing internal devaluation while Germany continues to have a permanently high trade surplus. Attention is paid to the consequences and risks that arise from the persistent imbalance between Germany and other members of the EMU.

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